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After testing 169.75 numerous times, American Express Co. has finally broken through. Can we expect a bearish trend to follow?

The breakout of American Express Co. through the 169.75 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, American Express Co. could test 159.49 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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GBP/USD – breach of a trending support line that has been tested at least twice before.

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